Ken Langone At SALT: Major Shortage Of Doctors Coming

Ken Langone is the founder and Chief Executive Officer of Invemed Associates LLC., a New York Stock Exchange member firm specializing in healthcare and high technology companies. He received a BA from Bucknell University and an MBA from New York University’s Stern School of Business; he remains active with both institutions currently serving on the board of overseers of the Stern School and on the board of trustees of New York University. He is chairman of the Trustees of New York University Medical Center, a member of the board of trustees of New York University and of its executive committee.

Highlights from Ken Langone’s presentation (very informal notes)

JPMorgan Chase & Co. (NYSE:JPM) his best investment and thinks it is one of the best run companies in the world

Banks are playing defense every day, and young aspiring people don’t want to go to banks for this reason

Why does the NYT even publish a Sunday paper, its terrible and politics are awful

Lennar investing in $4B in apartments because young people can’t get a home, so they rent. Institutions buying apartments and renting them out

America’s best years are ahead of it

The ACA will NOT have a happy ending (Ken is head of major medicial insitute)

There WILL be a major shortage of doctors in coming years

Free 4 year medical school at NYU (4 kids this year, hoping for everyone one day)

The more positive you think about your self, you can succeed at a higher level – go out and volunteer and give back your time, get involved, make a difference. You will feel better about yourself giving your time, and getting NOTHING in return.

We give billions of dollars to people in this country that do absolutely nothing, BUT yet we can’t serve and help wounded warriors. We shouldn’t have to parade around young men with their face blown off, just to raise money, they should be taken care of by every American becausethey were injured serving YOU!